June 2021 highlights
With small changes month over month, the Portland region continues to see competition at unprecedented levels as the peak season moves forward.
- Portland continued to be a very hot market. While single family home median sale price and list price saw only small fluctuations from May to June, they both remain significantly above previous years’ peak numbers. Homes continue to sell in a median of 5 days, the trend for the past six months, except for a dip to only 4 days in March. Sale-to-list price ratio held steady at 106%, indicating that buyers continue to compete for homes in the area.
- Hillsboro and Beaverton saw slightly higher prices. Similarly to Portland, the main story in Hillsboro and Beaverton is that competition continues to be high, with days on market for single family homes holding at a median of 4 for the sixth month, and 5 for condos (which have been hovering between 4 and 5 since January). Sale-to-list price ratio held at 106% for both single family homes and condos. Median list price and sale price saw small lifts month over month that indicate bigger changes over recent history, with median sale price for single family homes rising 22% above last June’s number, and 25% above June 2019.
Our research team explored the competition facing homebuyers in select areas.
Sale price compared to list price
Days on market
Number of properties listed
Number of properties pending sale
Portland data includes the city of Portland.
Hillsboro & Beaverton data includes the cities of Hillsboro and Beaverton.